Sensex Reclaims 81K, Nifty Surges Past 24,500 as Defence, IT Stocks Lead Rally; Mid and Small Caps Outperform
In a robust trading session today, the Bombay Stock Exchange (BSE) Sensex reclaimed the 81,000 mark, while the National Stock Exchange (NSE) Nifty surged past 24,500, fueled by strong gains in the defence and information technology (IT) sectors. The market showed positive momentum across all segments, with mid-cap and small-cap stocks outperforming their large-cap counterparts. The Sensex soared to an all-time high, closing 350 points higher at 81,050, marking a remarkable recovery in investor sentiment. The Nifty also witnessed an impressive rally, gaining over 150 points to settle at 24,520, driven by the performance of key sectors. Defence stocks witnessed a sharp uptick, with major players such as Bharat Dynamics and Hindustan Aeronautics Ltd (HAL) leading the charge on the back of positive developments in defense procurement and increased government spending in the sector. The IT sector also saw a surge, with Infosys, TCS, and HCL Technologies contributing significantly to the ral...